HEX Energy LLC, a subsidiary of Alaska’s only locally owned oil and gas company, has acquired oil and gas lease tracts 82 and 112 in Alaska’s Coastal Plain through the Bureau of Land Management’s 2026 lease sale.

Expansion and Development

The company appreciates the work of the President of the United States, the Department of the Interior, the Bureau of Land Management, and the many federal and state professionals who support a transparent and orderly leasing process in Alaska. HEX is grateful to local community members who affirmed at the recent Alaska Industrial Development and Export Authority (AIDEA) Board Meeting that responsible development can support long-term stability while respecting subsistence resources and traditional ways of life.

"This acquisition reflects our long-term confidence in Alaska and our commitment to developing energy opportunities with discipline, local knowledge, and respect for the regulatory process," said John Hendrix, President and CEO of HEX Energy. "HEX Energy brings together a team with deep Alaska roots, North Slope experience, and international oil and gas expertise. I'm excited to be back working on the North Slope and to apply that experience to this important new opportunity for Alaska. This opportunity allows HEX Energy to commence diversifying and expanding its role in the dynamic energy industry of Alaska."

Original reporting: Must Read Alaska (Anchorage) — read the source article.